Qatari stock alert

QATAR

CLOSING UPDATE: Al Meera Consumer Goods keeps rising: up 12.1% in 3 days 26 July 2017 13:22 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Qatar market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Al Meera Consumer Goods, Qatar's largest retailer company by market capitalisation, extended its gains on Wednesday, rising an additional QAR3.80 (or 2.5%) to trade at QAR156.90. Trading volume was 5.3 times average at the end of the day. The shares have risen QAR16.90 (or 12.1%) over the past three trading days vs. the QE Index which has risen 0.4% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 2.54 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Qatar market, the stock's relative price strength percentile is improving at 54 for 6 months, 86 for 3 months and 95 for 1 month.

+ The price soared 12.5% in the last week and 20.7% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Year-on-Year Earnings Growth of 25.6% [22.9%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 16.0%.

+ Interest cover is less leveraged at 56.9 times.

+ Total Liabilities/EBITDA of 4.8 is less than the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.4. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 8.2% in the last 3 years. This is better than the sector average of 7.8% and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 14.3% is better than sector average of 14.2%.

Note

Al Meera Consumer Goods today is at a discount of 26.2% to the 12-month high of QAR212.63 on 09 Aug, 2016. It is at a premium of 23.0% to the 12-month low of QAR127.60 on 11 Jun, 2017.

Bearish Signals:

In the last three months the stock has hit a new 52-week low five times, pointing to a downtrend.

TODAY'S ALERT

Morning Alert: Al Meera Consumer Goods keeps rising: up 11.1% in 3 days

26 July 2017 10:06 AST

Almeera Consumer Goods Company (QE:MERS) extended its gains on Wednesday, rising an additional QAR2.40 (or 1.6%) to trade at QAR155.50. Trading volume was 42% of average so far today. The shares have risen QAR15.50 (or 11.1%) over the past three trading days vs. the QE Index which has risen 0.7% in the same period.

RECENT ALERTS

CLOSING UPDATE: Al Meera Consumer Goods up 9.4% in 2 days

25 July 2017 13:22 AST

Al Meera Consumer Goods, Qatar's largest retailer company by market capitalisation, extended its gains on Tuesday, rising an additional QAR9.10 (or 6.3%) to trade at QAR153.10. Trading volume was 16.6 times average at the end of the day. The shares have risen QAR13.10 (or 9.4%) over the past two trading days vs. the QE Index which has risen 0.3% in the same period.

Morning Alert: Al Meera Consumer Goods up 6.9% in 2 days

25 July 2017 10:06 AST

Almeera Consumer Goods Company (QE:MERS) extended its gains on Tuesday, rising an additional QAR5.60 (or 3.9%) to trade at QAR149.60. Trading volume was 2.4 times average so far today. The shares have risen QAR9.60 (or 6.9%) over the past two trading days vs. the QE Index which has risen 0.8% in the same period.

Almeera Consumer Goods Company (QA:MERS; QD:MERS)

ISIN: QA000A0YDSW8

PermID: 4298135604

Source: www.BuySellSignals.com